Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$297,122$297,122$864,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$566,878$0
Funding fee$1,486$1,486$0
Note rate2.830%2.830%7.320%
Blended rate2.830%6.058%7.560%
1st payment$1,408.95$1,408.95$5,935.08
2nd payment$0.00$3,661.09$0.00
Taxes / mo$349.25$349.25$349.25
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$172.80
HOA / mo$133.33$133.33$133.33
Total monthly$2,108.19$5,769.28$6,807.13
Cash to close$662,878$96,000$96,000